Kinross Gold (NYSE:KGC) Hits New 1-Year Low – Here’s What Happened

Kinross Gold Corporation (NYSE:KGC) (TSE:K) hit a new 52-week low on Thursday. The stock traded as low as $21.18 and last traded at $21.7590, with a volume of 1,328,456 shares traded. The stock had previously closed at $22.98.

Key Headlines Impacting Kinross Gold

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Kinross reported third-quarter EPS of $0.50, above the $0.46 consensus and up from $0.44 a year earlier. Gold prices rose 23% year over year, supporting profitability. Kinross Gold Beats Q3 Earnings Estimates
• Positive Sentiment: Management highlighted progress on growth initiatives. Kinross said it remains on track with updated guidance, advanced grade-enhancement projects and poured first gold at its Redbird project. The company also raised its return-of-capital target to 50% and has repurchased about 5% of its shares since April 2025. Kinross Reports 2026 Third-Quarter Results
• Positive Sentiment: The quarterly dividend was maintained. Kinross declared a $0.04-per-share dividend, payable December 3 to shareholders of record November 19, providing continued shareholder returns. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Options-market volatility has increased. The rise in implied volatility signals greater near-term uncertainty around KGC, but does not by itself indicate whether traders expect a move higher or lower. Implied Volatility Surging for Kinross Gold Stock Options
• Negative Sentiment: Revenue missed estimates by a wide margin. Quarterly revenue was $1.75 billion versus the $1.94 billion consensus, while reports pointed to production headwinds and a roughly 20% increase in costs despite record gold prices. Kinross Gold Q3 2026 Costs Surge
• Negative Sentiment: Investor uncertainty was amplified by a law-firm investigation into potential claims on behalf of Kinross investors, adding reputational and legal overhang. Pomerantz Investor Alert

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group decreased their price target on Kinross Gold from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Weiss Ratings downgraded shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Wall Street Zen lowered Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Canaccord Genuity Group reduced their price target on Kinross Gold from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.06.

Kinross Gold Stock Down 6.6%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.95 and a current ratio of 2.87. The business’s 50 day moving average price is $26.44 and its 200 day moving average price is $28.84. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.72 and a beta of 0.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, October 28th. The mining company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.94 billion. Kinross Gold had a net margin of 37.62% and a return on equity of 32.84%. On average, equities analysts forecast that Kinross Gold Corporation will post 2.40 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.16 dividend on an annualized basis and a yield of 0.8%. Kinross Gold’s dividend payout ratio is currently 6.06%.

Hedge Funds Weigh In On Kinross Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of Kinross Gold by 17.0% in the second quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock worth $227,141,000 after acquiring an additional 1,395,576 shares in the last quarter. U S Global Investors Inc. lifted its stake in Kinross Gold by 95.4% during the first quarter. U S Global Investors Inc. now owns 195,363 shares of the mining company’s stock worth $5,962,000 after purchasing an additional 95,363 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Kinross Gold during the 1st quarter worth approximately $2,263,000. Deutsche Bank AG purchased a new stake in Kinross Gold in the second quarter valued at $217,800,000. Finally, Andra AP fonden boosted its position in shares of Kinross Gold by 10.0% in the 2nd quarter. Andra AP fonden now owns 867,872 shares of the mining company’s stock valued at $20,499,000 after purchasing an additional 78,900 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. Founded in 1993, the company explores for, develops and operates gold mines, with silver produced as a byproduct at some operations.

Kinross’s producing assets have included mines in the United States, Brazil, Chile and Mauritania. Its operations have included Fort Knox in Alaska, Round Mountain and Bald Mountain in Nevada, Paracatu in Brazil, La Coipa in Chile and Tasiast in Mauritania. The company also pursues exploration and development projects intended to support future production.

Kinross sells the gold it produces to customers in international bullion markets and manages activities spanning mine development, extraction, processing and reclamation.